tv Mad Money CNBC September 24, 2020 6:00pm-7:01pm EDT
6:00 pm
>> guy >> sheila bair only has 11,000 followers on the twitter that is ridiculous, folks. follow the sheila bair on the twitter and look for reversal lower in the dollar whic my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you, so call me 1-800-743-cnbc or tweet me @jimcramer what really happens if there's no stimulus? i've heard numerous politicians argue the economy is strong enough, we don't need a stimulus others have said i only want a
6:01 pm
stimulus package to stave the stock market that's ridiculous. today, we got an idea what happens if there's no grants as far as the stock market is concerned, it's not that big a deal the dow gained 52 points, s&p inched up, nasdaq advanced i don't want a stimulus package to save the stock market, i want a stimulus package to save an industry i know all too well, the hospitality industry, which i can tell you from my ownership stakes, is getting destroyed by the pandemic millions of jobs are on the line but they reside in small businesses ones that don't show up in the averages but individual stocks sure do. and the winners today tell you everything you need to know about the losers and the broader economy. especially the biggest winner, which is the one i want to focus on the winner is the stock of olive
6:02 pm
garden strongest stock on the s&p 500 yes, i am telling you right now that the strength in the stock of darden it should terrify you. darden's winning, because its private competitors can't cope with the covid-19 economy. we're headed for a world where, if you want to go out for dinner, you won't have many options, other than some big chains with deep pockets olive garden will be the height of fine dining why? because darden's big enough with a strong enough balance sheet it can do just fine even in the age of social distancing they can shut down half their tables and still make money, so much that they reinstated their dividend and repaid a $270 million term loan. when i went through this morning's conference call, i was
6:03 pm
struck by all the things that separate darden from their competitors that are just hanging on so learn to love the giant chicken parmesana or the tour of italy, or the giant cheese stuffed shells, all under $20. without another stimulus bill, you're not going to get a lot of other options. it's infinite bred sticks all the way down and that unbelievable salad nearly every independent restaurant i know would fold if they could only have 25% of their space could be occupied. almost no private restaurants can cut profits enough, and raising prices in this economy is simply out of the question. if you're running at half capacity or less, you need to
6:04 pm
configure the tables in a nice way, and that's expensive. when you look through darden's excellent slide booths, you see beautiful partitions darden was able to borrow cash and look better and then make a bunch of money to repay the debt olive garden pivoted perfectly to takeout now, that is a substantial investment, but darden has the scale to do it we often hear that term scale, but we don't spend enough time unpacking what it means. when you've got scale, people, your afford to hire great web designers, new space dividers. there's a lot that goes into making and installing the systems. even if you have the money, most restaurants didn't get into the business to design better point
6:05 pm
of sale systems. throughout the conference call, darden executives kept coming back to technological prowess. they have the resources to turn on a dime. if they need to be a tech company for a little bit, they can. small operators will never have that luxury. olive garden had a protocol for 25% and 50% of tables open independent restaurants have been trying to figure out somewhat works after the seats were ripped out, olive garden was able to gauge how many customers came to the restaurant and ordered takeout and the entire chain that happened again, not something smaller players can duplicate. they have to throw a huge amount of food away because they didn't guess how many would come that night. and darden is ready for competitors. most urban restaurants are in real trouble and dard season end
6:06 pm
to pounce. they see terrific opportunity in manhattan and other major urban areas. here it is comes a lot of great real estate is about to open up now, i love olive garden i like to go there with my daughter she's a vegetarian great place to eat but i don't want to live in a future where it's just olive garden as far as the eye ask see. what can reverse the trend we need a deal in washington i know secretary mnuchin has pleaded for more help from congress to prop up the restaurant and hospitality industries, because he knows, he actually know what's going on in this country he did it again today. >> as it relates to the restaurant and broader hospitality industries, we think those industries don't need more debt, what they need is economic relief, because they're shut down as a result of covid. >> amen. but for that to happen, the democrats in the house and republicans in the senate need to cooperate with each other
6:07 pm
less than six weeks before an election i'm not going to hold my breath. this rally says there is no compromise to be had again, you wouldn't know it by looking at the overall averages. unfortunately, that's some help from congress most independent restaurants will not be able to hold out i know mine can't, sadly, they can't. bad news for the economy, for this whole, wholesale decline of all raunls -- restaurants that's why i think darden's stock is still a buy even after today's run how do you put a price earnings multiple on a chain that has staying power in an industry that's been destroyed by covid all i know is the stock deserves to go higher the longer the pandemic goes on, the more attractive it gets. you can cook your own food, i like that general mills stock, you can get takeout, delivery.
6:08 pm
they absolutely impact your day-to-day life. and if all these smaller operators go under at the same time, they'll impact the broader economy, too bottom line, in a world where you can get olive garden's five-cheese alfarno delivered right to your cash for $16.99, how is the little guy supposed to compete without a second ballout from washington? we're headed to a world with just a couple of big restaurant chains and few individual proprietors. you want variety, take it up with congress. brian in new jersey, brian >> caller: jim, thanks for all your time and advice i know banks are bad, i listened to you last week but goldman sachs had a big second quarter evenings beat i was a little concerned about the 1.59 provision for credit losses, but we did get the big upgrade from ubs today where do you see the stock trading into third quarter
6:09 pm
earnings >> goldman is much more of a transaction bank and i think that's not being reflected in the stock so i think goldman is a good buy at 0.9%, and a number that could be similar to the fantastic number we saw from jefferies today. sylvia in florida, sylvia? >> caller: hi, jim, first-time caller, long-time follower, though >> excellent >> caller: i own 3,000 shares -- [ inaudible i bought it for $18.49 and i've been looking at it, and looking at it. and it's just -- do you think
6:10 pm
it's a long piece, a short, what do i do with it? >> the cruise company, carnival. the one i do like is norwegian because they have more money i can't recommend a cruise stock right now. it keeps getting pushed out. they're all fine operators and i think cruises will come roaring back but right now, it's not the time i wouldn't buy any more. maybe it bounces, but i don't want to get your hopes up. mike in illinois, mike, mike, mike >> caller: jimmy cool, first-time caller. i've got a quick question for you here i've been getting involved in the house sector i invested in humana at $233 a few months back. do you think it's time to cashout and run to the bank? >> i would as we get close to the election these stocks will trade down humana is an unbelievable company. i would sell half.
6:11 pm
i don't want you to give back the gain, because we talked -- i know united health is one of my favorites, too but i think politically you've got to be really careful these next six weeks i don't want to own humana right now. winners on a day like today tell you everything you need to know about the losers in the broader economy. without a second bailout from washington, we're not going to have a lot of variety when we sit down and go out to dinner. on "mad money" tonight, most money don't get a day without handling an nvidia or arm based product but may not know it. i'm eyeing the combination and with flu season around the corner and with the u.s. death toll from covid-19 going up, i'm talking with one company working to help combat a potential twin demic. don't miss my sitdown. and i'm talking abbott's rapid covid-19 test, and my super bowl
6:12 pm
demons i'm sorry, i mean dreams stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. the lexus es. every curve, every innovation, every feeling. a product of mastery. lease the 2020 es 350 for $359 a month for 36 months. experience amazing at your lexus dealer.
6:14 pm
6:15 pm
to buy arm holdings, the british company with a ton of smartphone exposure when we first learned about this deal a week and a half ago, the largest semi conductor in history, stock gained more than 5% in a single session. since then, though, the market has been flooded with red holt tech ipos, and nvidia stock sold off hard i actually like this pullback, i like it. i think nvidia's stock is a terrific buy right here, if, and it's a big if, if you believe it can close on arm the deal would be a game changer, assuming it's allowed to go through. combining the perfect gaming and data center platform with smartphone and ecosystem of arm,
6:16 pm
put them both together, and you have the undisputed king of the semi conductor industry. but a lot of people are worried because we don't know if they can complete the deal. there are a ton of obstacles here, and they'll get regulatory approvals all over the globe i have loved nvidia for ages i renamed my late dog, everest, after the company. everest had a pass to get into nvidia's headquarters. but the stock had a massive run this year. thanks to the recent selloff, you're getting the arm deal pretty much for free i think nvidia can pull this off. last monday, i spoke to the ceo on squawk on the street, and jenson told a monster good tale. nvidia arequired melanox, lots of people wrote that deal off. but jenson repeatedly told us on
6:17 pm
"mad money" that he would get it done sure enough, he delivered. since then, the stock has been a magnificent performer. i learned not to doubt the genius, who is polite, genuinely funny, and loved by his employees. even as competitors like the guys so i want to make it clear that you get against jenson wong and his team at your own peril betting the deal getting done is also a gamble. but let's think about the potential payoff arm's always been a it will of different. years ago, arm came up with a better architecture for processors they designed a chip that's much more energy efficient than most
6:18 pm
computers, which allowed their technology to take the mobile market by storm. these days, their tech is autonomous cars, smart home devices, automake, and your smartphones and tablets and computers. arm is an arms dealer to the semi conductor and device industry they licensed a chip architecture and their clients can add stuff on top of that for specific application it's a fabulous business, which is why nvidia is willing to pay up for it. they're giving softbank arm's current owner, $12 billion in cash on top of $21.5 billion in stock, which is roughly what softbank paid four years ago and softbank poured a ton of money into arm after that position, making it a much bitter company they're also a $5 billion earnout construct that goes to softbank, and on top of that,
6:19 pm
they are issuing $1.5 billion in stock to employees so a $40 billion deal. i think it's worth every penny and the market agrees, which is why nvidia rallied so hard when the news was announced when i spoke to the ceo, he raved about this business. listen to this >> arm is an extraordinary company. this is the company that builds the world's most popular cpu it has built 180 billion units over the course of its his try 22 billion offis just la-- of it just last year they're in everything. >> so he wants to take nvidia's artificial technology and basically fuse it with arm's processor architecture and map it out with what nvidia has. so here's the pitch. >> if we could leverage their business model, if we could stand on the net worth that
6:20 pm
they've created and take the technology we have invented and put it into that channel and make it available to their thousands of partners, the economics for us would be incredible >> in other words, the two businesses are complementary, and yes, it would be lucrative they would offer customers a full-stack solution. we're talking about all this computing power for a given device in a single package according to them, it could create a $250 billion opportunity by 2023. tesla's not even saying that if they can get the deal done, nvidia will be to 22020s what intel was do the 1990s so much of the world runs on arm's technology, that any
6:21 pm
change to the business model would have massive ramifications that's bound to make some regulators nervous arm would give them even more clout. this deal makes them the king of the data center. on top of that, some of arm's existing customers try not to be too thrilled they can't get in bed with another chip maker excuse me. nvidia said that they won't mess with arm's business model. i think they can solve this problem by putting that in writing. a combo would be too powerful. too much concentration but when i spoke to jensen, he sounded confident they could get regulatory approval, even overseas although it might take some
6:22 pm
time i'm get thing doesn't close -- it might take 18 months or two years. but it's worth it. finally, you've got to worry about china. the last time nvidia tried to make a big acquisition, it got held up for over a year, because the chinese authorities wanted to use it as a bargaining chip in the trade war that could happen again, but there were countless bears who publicly stated that nvidia had no shot at all of getting chinese approval they pronounced the mellanox deal dead. they turned out to be dead wrong. and now nvidia has a lot more experience getting china's regulatory apparatus and if joe biden wins in november, these trade wars are out the window if nvidia can close on arm holdings, the stock is going to be unstoppable even after its magnificent
6:23 pm
multiyear run. i think jensen haung can make it happen what if i'm wrong? the stock is only at $494 last now. i like that risk/reward, even as the stock stood at just $172 one year ago much more "mad money" ahead, including my sitdown with santa fee. and do your stocks have what it takes to survive the unknowns in this market? i'll be the judge of that. and how about abbott labs bringing back normalcy to the country. i think it can happen. but you've got to stay with cramer stay restless
6:24 pm
with the icon that does the same. the rx, crafted by lexus. lease the 2020 rx 350 for $409 a month for 36 months. experience amazing at your lexus dealer. is the people you share it with. t-mobile's new offer on iphone better experience amazing so right now switch and get two new lines of unlimited for only $90 and get 2 iphone 11's or 2 iphone 11 pro's on us. all on t-mobile's most powerful signal that goes farther than ever before. hurry into t-mobile now and get two iphone 11' s or two iphone 11 pro's on us. only at t-mobile.
6:25 pm
6:26 pm
santa fee. they're working on two covid vaccine candidates these are two of the most storied vaccine makers on earth. it's encouraged when you see them turning up with glaxosmithkline. paul hudson took over to breathe new life and under his leadership, they sold their $13 billion stake in regeneron and making acquisitions like the deal we learned about last month the company is sitting on a potential blockbuster for inflammatory diseases, and a lot of other things like asthma. there's a lot going on here. so i was thrilled to check in with paul hudson, the ceo, earlier today. welcome back to "mad money." >> hey, jim, great to talk to you again. happy to be here >> this must be an incredible time at your company
6:27 pm
you're working on not just one, but two vaccines you are the best at vaccines where are we, because i know that what you do is what i want a trial. >> you know, thanks for the compliments. we're an incredible company. we have tens of thousands of people working on vaccines and we're going to produce over a billion doses worldwide for covid-19 we are already in human studies. we're manufacturing doses pretty much right now and we'll be available at some point early next year. we need to play our part there's such a big pressure on everybody, but i can tell you, we're doing it the right way to high standards and play a big part in helping people get back to normal. >> i hope that, because if people know your company, they would know that you weren't pressured into doing anything too soon, that is your stock in trade, and that basically, we should all -- if you let us, try it it's almost our duty -- do you
6:28 pm
think it's our duty to trial >> you know what, jim? we have been making vaccines for over a hundred years we haven't changed anything in the way we do things, just accelerated. we need to be there, safe and effective. we're the only big vaccine maker making a vaccine on a platform that we have used year in and year out, and we have approved vaccines on. we're doing it in partnership with gsk, another global absolute top quality company, between what we're bringing forward would be the very best we have. we wouldn't have it any other way. we didn't feel pressure. we feel pressure to get it right, to maintain the standards and play a big part in helping people get back to normal. >> is it possible people will take more than one company's vaccine? and if it's seen your vaccine may not be one shot because you would like a booster, too. >> it's too early to tell. what's really important is set high stanstandards, get them in
6:29 pm
large quantity and as we go into a flu season, we have thechance of a twindemic. we have the influenza and covid-19 so get the flu shot, see your health care professional, get in to walmart, get into cvs, and the other big players like walgreen's and go there. it's safe. get vaccinated we're making more influenza doeses than ever before and making them worldwide. let's all play our part. >> exactly you've done a series of remarkable acquisitions in tackling some tough-to-beat diseases and you had a great partnership with regeneron take the air out of my balloon i'm thinking it's a top five drug in history. >> you know what i certainly feel like it's once in a generation, when you meet patients taking it, it's
6:30 pm
incredible you know, the list goes on and we may get to add copd this is the real deal. this is what people really need if they're struggling. frankly, our partnership with regeneron, we have the ambition to be over $11 billion but we're still on the top of transforms lives and you're right when you say we've made some acquisitions we want to be a big player in the back done in oncology. and we hope we're about to close off a deal, bringing the btk into play for multiple sclerosis. 35 other potentially transformational medicines or indications coming it's all about transformation. it's all about culture and bringing everything through, so that we get that practice
6:31 pm
changing medicine. it's a big deal for us it's huge and we're really proud of the progress we're making >> i want to quote you, because i want people to understand you and your company you talk about no matter what, in reference to the covid-19 vaccine, and i think it's your company, you want to maintain purity of purpose, simplification and problem solving. is that your m.o.? >> no company i would put it to you feels closer to its purpose right now. we're the only company with two covid-19s, and we're bringing these transformational medicines through, despite the pandemic and the challenges we're simply not wavering. we know what our duty is we know what we must do. i have just finished my first year as the ceo. i'm seeing a company operate at its absolute best, purity of purpose.
6:32 pm
so i get it that you would say that it feels that way. and we need to keep that and maintain that long after really important story happening today. super cool people, brilliant innovation, and transformational change in medicine fantastic. >> when someone hears that you're going to do a billion vaccines, i think their first reaction is, that's hyperbole. i think you have it within your organization that is not some sort of supernatural stretch >> you know, this is what's interesting, jim we are saying we'll get to about a billion doses for covid-19 we make about a billion doses of vaccine every year, and have for a very long time hundreds of millions of inf influenza doses, rabies, meningitis we're using a platform we use every year, so we know how to do
6:33 pm
it we know what to do and we're moving at speed. i'm really impressed by the team with everything they're bringing forward. if you're in the general public and thinking, what are we doing? what are companies doing if you were inside this place right now, you would be blown away by the passion, energy, and enthus am. >> my doctor, he's the cvs doctor and said you've got to get into one of these trials he melt your trial may not be available to americans >> so we're in phase one, two. we won't be in nphase three unti november or december put your hand up, because it's important everybody steps up we want to be fast we wish everybody well i said from the very beginning, this isn't a race we need to win, this is everybody need stos play a part. we know how this is impacting everybody. we know the tragedy. if you can play your part, play your part.
6:34 pm
and make you can play your part too, jim >> you bet i will. i feel like this is a mission at my age to do everything i can, you're doing everything you can. i want to go back to this, it's got copd atopic dermatitis, that is huge. asthma, my child had asthma. we had nothing other than an inhaler. it seemed like something from the 19th century how can one drug do so many different things >> you know, it's an absolutely superb question. for those patients with a severity of diseases, you know, one of the things that is so incredible and so unique about dupixen is it acts on type two inflammation it doesn't just tackle one inflammatory biomarker it really goes after blockading everything that causes the itch, the wheezeiness, and it really
6:35 pm
knows how to treat inflammation. you know, i think we're going to be out on our own for a long time inhalers play a huge part, but for the moderate to severe populations, we're there, we're absolutely there and we'll play our part in that transformation >> i think as much as we need to hear when i consider the air quality in china, i know you are doing incredibly well there. this drug is a must for people who are having air quality problems >> you know, it's funny you mentioned china, because we now hold the record, we went from being approved to being delivered to health care professionals and on to patients in 25 days never been done before i was talking to our team that put the deal together to get the
6:36 pm
shipments out there. we did it in record speed. incredible innovation in this country. the number of patients struggling with these type two driven diseases, whether it's asthma, a topic dermatitis in china is significant where we'll have the first major breakthrough will likely to be on our open in the lead, as well we hope to be reimbursed in the upcoming months. that's game changing for patients so much opportunity to transform lives and to help continue the transformation and keep gathering momentum >> i truly appreciate you coming on "mad money," a company that is on the move is sanofi we finally got the one ceo who is going to stay >> kind of you to say. of course, we have so many good things happening here. i'm privileged and humble to believe part of it keep watching us
6:37 pm
we'll do our best for covid-19 and then keep moving >> thank you so much that's paul hudson from sanofi just so you know, i have liked this stock for a long time and i like what's happening at the company now. stay with cramer as business moves forward, we're all changing the way things get done. like how we redefine collaboration...
6:38 pm
6:39 pm
6:40 pm
>> let's take a look at this one. okay we have an internet enabler. the finest entertainment company in the world one of the great vice companies of all time. one of the great consumer package companies and an auto company. auto, internet, entertainment, medical, cpg i would say perfection let's go to ari in illinois. >> caller: ba, ba, ba boo-yah, jimmy chill. >> the chill man's here, let's go >> caller: thanks for all you do, first-time caller. mike so, pay pal, nvidia, activision and activision with wing stop.
6:41 pm
>> oaky doaky. we do have a bit of an issue here we have a lot of tech, but i'm going to call it thin tech there's no denying, microsoft software and nvidia is a chip maker. you can argue they are too alike and maybe you need to have -- maybe you need an abbott labs. you have activision and pay pal. wing stop is one of the great stories for restaurants in this era. why? because there's no sit down. and then the microsoft nvidia conundrum, of which i like them both so much it i think you're fine but microsoft and nvidia do trade together, even though they shouldn't, because of these moronic etfs that merge
6:42 pm
everything jacqueline in new jersey, jacqueline >> caller: hey, jim. thank you, thank you, thank you for everything you do. you do not know -- >> thank you >> caller: i'm a first-time caller and i've been watching you since the pandemic you've helped me tremendously. >> thank you, jackie >> caller: i manage my elderly uncle's funds, as well as my own. and i cannot tell you how you have saved us. so please, please continue you've been wonderful for me >> i worked really hard today. and when i hear this, i say okay, that's why i do it thank you. >> caller: i've got to tell you, i love you my call is regarding the fact that i do index funds primarily, but i like having some stocks, because the index funds trickle, trickle, trickle >> right >> caller: so i wanted to ask if i'm diversified enough with these few that i have. i have others but i'm trying to consolidate.
6:43 pm
>> that's all right. >> caller: the ones i would like to keep are amazon, apple, lockheed martin, black rock, and i have elf beauty. but i want to see if i should add something in place of that or keep just adding to these positions. >> let's go to work. first of all, i think your solution, which is a two-step one, which is an index fund first is what i preach where is my tiktok music thank you. jacqueline, you're doing great black rock is one of the best financials apple, maybe the greatest technology company of all time amazon is a retail we are a web service. what can i say lockheed martin, not my favorite defense stock. but it's still pretty good and elf, i think they made a great story this week. i think you're in terrific shape. you're doing fabulous.
6:44 pm
stick with cramer. incomparable design makes it beautiful. state-of-the-art technology makes it brilliant. the visionary lexus nx. lease the 2020 nx 300 for $339 a month for 36 months. experience amazing at your lexus dealer. experience amazing these days, businesses are adapting to new ways of working. and innovation is at the heart of it. verizon 5g ultra wideband is the fastest 5g in the world, with speeds up to 25 times today's 4g networks. its massive capacity and ultra-low lag time is already available in parts of select cities around the country. which means businesses both large and small
6:46 pm
6:47 pm
>> caller: should i by btai? >> you know, it's the kind of buy with all the great buzz words, it's artificial intelligence the reason i'm going to say it's okay is it can be your one speculati speculation. let's go to marty in washington. >> caller: boo-yah, professor cramer >> what's going on >> caller: this company is transforming the way they are put -- therapeutics. the stock is down 50% from its july high. and then last month, they issued 5 million more shares. is this a buying opportunity for sdgr >> no, no. i do not like this company i don't get the attraction to it it doesn't have the -- it's just not a great company. what can i say all the reasons you just gave. they can come on and tell me otherwise. let's go to ann in tennessee,
6:48 pm
ann. >> caller: hey, jim, robin hooder and fellow harvard alum here >> excellent >> caller: it's great to talk to you. i would love to hear your thoughts on the chinese company dada today >> look, i am recommending ali baba i'm saying buy ali baba aggressively that's all i want to do with china. j.d. is pretty good, too but that's enough for me in the midst of a trade war joe in texas, joe. >> caller: boo-yah, jim. this is joe in houston thank you for taking my call you are a great american thank you for all you do for investors. >> thank you >> caller: my wife is a nursing hero with the hospital corporation of america, and we would love to hear your thoughts on hca >> here's the problem with hca and you can tell people, there has been tremendous turmoil. it's very expensive to run a hospital right now, and they're not going to get any breaks from
6:49 pm
either party so i don't want to yet, as we go into the election. that said, ten times earnings, but people think the estimates are too high nick in virginia, nick >> caller: boo-yah, jim, thanks for taking my call people want to feel safe and secure this company announced a partnership with google. is now the time to buy a.d.t.? >> i don't like that company and i don't think it's run very well i think that is a commodity. i'm going to say no, you don't want to own it it's been going down since they made that announcement david in north carolina, david >> caller: boo-yah, jim. first-time caller. your thoughts on starting a new position in 59 >> it is the best contact call center we have had them on a number of times. they do tremendous value it does work with a lot of other
6:50 pm
companies that need contact, cloud. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy.
6:51 pm
focus on what matters to you with thinkorswim. ♪ at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley.
6:53 pm
can we go back to normal before we have a vaccine if everything goes smoothly, i expect one by the end of the first quarter next year. that's still a long way, too long look, i believe we'll get a vaccine eventually i spoke to santa fee about their partnership with fwlax glaxosmithkline. but it takes a long time to know whether any of these vaccines work even if we do get a covid vaccine, we can't assume everyone will take it. our government hasn't done a real good job with the pandemic, and the whole issue is politicized. but what if there's another option abbott labs has a rampant
6:54 pm
antigen test it's called binaxnow and it's coupled with an app, i'm going to show you the app for a second, coupled with a thing called the navica app. this shows you -- let's say if it shows you that you have no covid, you'll be able to want and get into wherever you want to right now it's hard to find these 15-minute tests because the government is devouring all the supply the feds ordered 150 million of them hopefully abbott can ramp up production go to a clinic or pharmacy, they take that nasal pharmacy and within 15 minutes you know if you have covid 90% accuracy even better, the results will be downloaded to abbott's app,
6:55 pm
which gives you a qr code that shows you tested negative. we could reopen just about everything so as long as customers have to scan that qr code before they get in bars, football games, offices. and most importantly, schools. there's no way to reopen schools without mass testing that's a reason why the feds bought all those test kits from abbott to give them to the schools. this is going to be the game changer. they're spending hundreds of millions right now to mass produce these test kits in huge factories all over this country. by october, management says they can make 50 million per month. the drugstores could take over and make the tests available a pharmacist can give the test i wish they were making 300 million a month, because then everything would open. but here's what i envision first, and this is the most impossible thing i'm going to be
6:56 pm
saying all week, the eagles are going to the super bowl. lost half the people immediately. even though i've been incredibly disciplined about protecting myself from the virus, i would go to the super bowl, because i'm a total knucklehead birds fanatic. hopefully by super bowl weekend in february, everyone will have downloaded the app and the airports, the stadiums, everyone is going to have the screener so what am i going to do the day before i go to the airport, i'm going to go to my cvs, get the abbott test the result also be uploaded to my phone by the time i walk home i think everyone has reason to take the test. just say i'm worried about a colleague's cough, because you are. i get my results in 15 minutes, they go to the app and i go to the airport the next day i just want it, get on the plane.
6:57 pm
when i get to the stadium, what happens? i just want it and it gets me to the big game and let's assume the eagles beat the patriots for the second time in four years, and then i'm going go ing to wand it into disney world and get right in you still wear a mask because the test is only 97% listen, if everything goes right, i think it's a real possibility. when it comes to covid, our country's track record tells us anything that can go wrong will go wrong but in theory, this is ault possible we have the technology right now. i just don't know if we have the will or the organization but if we do, this economy will get a heck of a lot better faster and you'll want to be there in the sftock market, whe it does. eagles, i think the eagles are going to win stick with cramer. innovation, every feeling. a product of mastery. lease the 2020 es 350 for $359 a month for 36 months.
6:58 pm
6:59 pm
after the close today, costco reported a very good quarter as they are one to do. the problem is, they already report bi monthly. so nobody was surprised. when you're not surprised, the stock goes down in this environment. i suggest for those who do not own costco and have always wanted to get in it that tomorrow might be the day to buy some i like to say there's always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer i will see you tomorrow.
7:00 pm
and tonight, bethenny frankel, founder of the game-changing mega-brand skinnygirl, joins the tank. it's a good product, and i think that's totally lost in the message. both: aah! i think it's a little too edgy. -no worries, girlfriend. -no! i haven't been in bed with so many billionaires in at least a couple of weeks. -aah! we're the parents to five kids. -oh. -both: exactly. [ laughter ] my partner and i have invested $1.2 million. -your valuation is nuts. -nuts. are you in or out? narrator: first into the tank is a product that comes to the aid of hairy situations.
192 Views
IN COLLECTIONS
CNBC Television Archive Television Archive News Search ServiceUploaded by TV Archive on